Management UCF Exam 2 Questions And Answers With Verified Solutions Graded A+

_______________ planning involves generating multiple forecasts and analyzing how to respond in each of those conditions. A. Rolling B. Single-Use C. Scenario D. Standing E. Strategic - Answer-C _____________________ refers to the process by which nations are becoming increasingly similar due to the integration of economic, political, and social systems. A. Myopia B. Demographic Stochastic C. Domestic Integration D. Globalization E. Intergovernmental Cooperation - Answer-D _______________________ are ideas about what is right, desirable, or beautiful. A. Mores B. Folkways C. Norms D. Cultural Dimensions E. Values - Answer-E A ________________________ is specifically defined as a simplistic and often inaccurate belief about the typical characteristics of a group of people. A. Bias B. Hunch C. SchemaD. Norm E. Stereotype - Answer-E A company's _____________________ is a broad declaration of its purpose and how it will distinguish itself from competitors. A. Mission Statement B. Values Statement C. Code of Ethics D. Corporate Mantra E. Business Plan - Answer-A A firm's suppliers have greater bargaining power when _______________________ and when switching costs are ___________. A. They are high concentrated; high B. They are high concentrated; low C. There are many suppliers; high D. There are many suppliers; low E. There are many suppliers; non-existent - Answer-A A staffing plan for the next six months is considered a(n) ________________ plan. A. Short-Term B. Intermediate-Term C. Long-Term D. Rolling E. Standing - Answer-A According to the administration model, managers often use ______________ to make _______________ decisions. A. Intuition; Satisficing B. Intuition; OptimumC. Complete Information; Satisficing D. Complete Information; Optimum E. Rational Decision Making; Satisficing - Answer-A AcmeCo's top managers are committed to careful and thoughtful performance evaluations that do not take irrelevant personal characteristics (like age of ethnicity) intro account. That is, they are concerned about _________________ justice. A. Distributive B. Moral C. Potential D. Procedural E. Religious - Answer-D AmeriCo, a U.S. manufacturer of chainsaws, sells the same basic products and uses the same basic marketing approach in every country where it operates. This is an example of ________________ strategy. A. Multidomestic B. Unrelated Diversification C. Related Diversification D. Joint Venture E. Global - Answer-E An _____________________ is a manager, scientist, or researcher who engages in entrepreneurship within an establishment company. A. Entrepreneurship B. Social Entrepreneur C. Intrapreneur D. Corporate Venturer E. Product Champion - Answer-C